01616cas a2200265 a 4500 AALejournalIMF017389 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475572919 1018-5941 BD-DhAAL BD-DhAAL Eyraud, Luc. Fiscal Politics in the Euro Area / Luc Eyraud, Vitor Gaspar, Tigran Poghosyan. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries participating in the euro area over 1999-2015. We look for, but do not find, conclusive evidence of bias in procedures in relation to country size. The paper also briefly reviews the literature on political economy factors and policy biases, and offers some reflections on the euro area architecture. Mode of access: Internet Gaspar, Vitor. Poghosyan, Tigran. IMF Working Papers; Working Paper ; No. 2017/018 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/018/001.2017.issue-018-en.xml IMF e-Library